The Bombay Stock Exchange benchmark Sensex on Friday pared a big chunk of gains posted in early trade but still managed to end the higher by 94 points to extend the winning streak for the third consecutive day.

The 30-share index closed at 16,158.28 points, higher by 94.38 points.

The wide-based National Stock Exchange index Nifty gained 30.60 points to settle at 4,796.15 points.

PSU stocks, led by MMTC, were much in demand after the government cleared plans to disinvest 10 per cent stake in profit-making listed state-controlled companies. The sectoral index closed with MMTC, STC and NMDC remained on the forefront. The government owns 99.33 per cent in MMTC, 91.02 per cent in State Trading and 98.38 per cent in NMDC.

MMTC Ltd, the biggest state-run trading company, hit the daily upper limit of 20 per cent to close at Rs 36,146.85.

The PSU sector index gained the most by rising 3.91 per cent to 8,794.80 points.

The realty sector index was second best performer by rising 2.81 per cent to 3,993.68 points followed by metal index by 2.03 per cent to 14,507.50.

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